The Marcus Corporation (MCS) 8-K The Marcus Corporation Reports Final Transition Period Results

Exhibit 99.2

Change in Fiscal Year End February 24, 2016

Special Note Regarding Forward Looking Statements 2 Certain matters discussed in this Presentation are “forward - looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward - looking statements may generally be identified as such because the context of such statements include words such as we “believe,” “anticipate,” “expect” or words of similar import. Similarly, statements that describe our future plans, objectives or goals are also forward - looking statements. Such forward - looking statements are subject to certain risks and uncertainties which may cause results to differ materially from those expected, including, but not limited to, the following: (1) the availability, i n terms of both quantity and audience appeal, of motion pictures for our theatre division, as well as other industry dynamics such as the maintenance of a suitable window between the date such motion pictures are released in theatres and the date they are released to other distribution channels; (2) the effects of adverse economic conditions in our markets, particularly with respect to our hotels and resorts division; (3) the effects on our occupancy and room rates of the relative industry supply of available rooms at comparable lodging facilities in our markets; (4) the effects of competitive conditions in our markets; (5) our ability to achieve expected benefits and performance from our strategic initiatives and acquisitions; (6) the effects of increasing depreciation expenses, reduced operating profits during major property renovations, impairment losses, and preopening and start - up costs due to the capital intensive nature of our businesses; (7) the effects of adverse weather conditions, particularly during the winter in the Midwest and in our other markets; (8) our ability to identify properties to acquire, develop and/or manage and the continuing availability of funds for such development; and (9) the adverse impact on business and consumer spending on travel, leisure and entertainment resulting from terrorist attacks in the United States or other incidents of violence in public venues such as hotels and movie theatres. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward - looking statements and are cautioned not to place undue reliance on such forward - looking statements. The forward - looking statements made herein are made only as of the date of this Presentation and we undertake no obligation to publicly update such forward - looking statements to reflect subsequent events or circumstances.

Transitioning Fiscal Year End from May to December • The Marcus Corporation (MCS) changed its fiscal year end from the last Thursday in May to the last Thursday in December. – Better aligns the company’s financial reporting schedule with the peer groups in its industries. – Moves the company’s year - end closing activities outside of its busy summer season, enabling its associates to better manage their workload. 3

Transitioning Fiscal Year End from May to December • On February 24, 2016, the company reported its results for the 31 - week transition period from May 29, 2015 to December 31, 2015 ( the “Transition Period”), consisting of two 13 - week periods ended on August 27, 2015 and November 26, 2015 and a final 5 - week period ended on December 31, 2015. • Results from the T ransition P eriod will be compared to a 30 - week period from May 30, 2014 to December 25, 2014, consisting of two 13 - week periods ended on August 28, 2014 and November 27, 2014 and a final 4 - week period ended on December 25, 2014. • Fiscal 2016 will be a 52 - week period from January 1, 2016 to December 29, 2016. 4

Impact of Extra Week 5 • The T ransition P eriod benefited from an additional 31 st week of operations compared to the prior year 30 - week period. This additional week included the traditionally strong week for movie theatres between Christmas and New Year’s Eve. • The company estimates that the 31 st week during the Transition Period contributed approximately $17.4 million in revenues ($14.4 million - Theatres, $3.0 million - Hotels) and $6.2 million in operating income ($5.7 million – Theatres, $0.7 million – Hotels, $(0.2) million - Corporate) to its reported financial results. • After interest expense and income taxes, the company estimates that the 31 st week of operations during the Transition Period contributed approximately $3.6 million to net earnings, or $ 0.13 per diluted common share .

Comparative Financial Information 6 • The company has prepared the following unaudited financial information to assist investors in evaluating the impact the change in fiscal year may have on its future quarterly and annual operating results : – Consolidated Statements of Earnings for the 52 weeks Ended December 25, 2014, including applicable interim periods and selected segment information. – Consolidated Statements of Earnings for the 53 weeks Ended December 31, 2015, including applicable interim periods and selected segment information. • Actual results for the comparable periods in fiscal 2016 could differ materially from those experienced in the prior year periods and reflected in the above - described unaudited historical financial information. – The recast 14 - week 4 th quarter of the 2015 period included the benefits of the extra week described earlier. The 4 th quarter of fiscal 2016 will be a 13 - week period ending on December 29, 2016 (New Year’s Eve results will not be included in our fiscal 2016). – The recast 13 - week 1 st quarter of the 2015 period included the week between Christmas and New Year’s Eve because the 2014 period ended on December 25, 2014. As a result, comparisons of the 13 - week fiscal 2016 1 st quarter to the unaudited recast 13 - week 1 st quarter of 2015 will likely be negatively impacted by the fact that the fiscal 2016 period will not include the strong week between Christmas and New Year’s Eve.

THE MARCUS CORPORATION

Consolidated Statements of Earnings

Comparative Info - 52 Weeks Ended December 25, 2014 (Unaudited)

	13 Weeks Ended												52 Weeks Ended
(in thousands, except per share data)	March 27,			June 26,			Sept. 25,			Dec. 25,			Dec. 25,
	2014			2014			2014			2014			2014
Revenues:
Theatre admissions	$	37,328		$	38,362		$	34,842		$	37,456		$	147,988
Rooms		21,201			28,609			33,684			25,452			108,946
Theatre concessions		21,745			22,745			21,433			23,680			89,603
Food and beverage		13,382			15,419			15,654			20,199			64,654
Other revenues		13,443			13,433			14,317			11,832			53,025
Total revenues		107,099			118,568			119,930			118,619			464,216
Costs and expenses:
Theatre operations		33,579			33,212			30,581			31,490			128,862
Rooms		9,887			10,620			11,470			10,186			42,163
Theatre concessions		6,056			6,369			5,859			6,660			24,944
Food and beverage		11,485			11,784			11,826			16,607			51,702
Advertising and marketing		5,709			6,573			6,871			6,854			26,007
Administrative		11,931			11,498			12,490			12,843			48,762
Depreciation and amortization		8,273			8,979			9,218			10,234			36,704
Rent		2,153			2,130			2,181			2,125			8,589
Property taxes		4,210			3,291			3,888			3,568			14,957
Other operating expenses		8,443			8,167			8,947			8,154			33,711
Total costs and expenses		101,726			102,623			103,331			108,721			416,401
Operating income		5,373			15,945			16,599			9,898			47,815
Other income (expense):
Investment income		385			236			26			21			668
Interest expense		(2,580	)		(2,433	)		(2,378	)		(2,410	)		(9,801	)
Gain (loss) on disposition of property, equipment and other assets		(10	)		(41	)		111			(817	)		(757	)
Equity earnings (losses) from unconsolidated joint ventures, net		(144	)		(41	)		23			(93	)		(255	)
		(2,349	)		(2,279	)		(2,218	)		(3,299	)		(10,145	)
Earnings before income taxes		3,024			13,666			14,381			6,599			37,670
Income taxes		2,726			5,560			5,646			2,703			16,635
Net earnings		298			8,106			8,735			3,896			21,035
Net earnings (loss) attributable to noncontrolling interests		(3,674	)		97			(157	)		45			(3,689	)
Net earnings attributable to The Marcus Corporation	$	3,972		$	8,009		$	8,892		$	3,851		$	24,724
Net earnings per common share attributable to   The Marcus Corporation - diluted	$	0.15		$	0.29		$	0.32		$	0.14		$	0.90
Weighted ave. shares outstanding - diluted		27,043			27,480			27,633			27,572			27,431
Selected Segment Data
Revenues:
Theatres	$	62,595		$	64,446		$	59,279		$	63,976		$	250,296
Hotels & Resorts		44,398			53,826			60,500			54,501			213,225
Corporate		106			296			151			142			695
Total revenues	$	107,099		$	118,568		$	119,930		$	118,619		$	464,216
Operating Income (loss):
Theatres	$	11,841		$	12,728		$	10,194		$	12,648		$	47,411
Hotels & Resorts		(2,590	)		6,237			9,895			945			14,487
Corporate		(3,878	)		(3,020	)		(3,490	)		(3,695	)		(14,083	)
Total operating income	$	5,373		$	15,945		$	16,599		$	9,898		$	47,815

THE MARCUS CORPORATION

Consolidated Statements of Earnings

Comparative Info - 53 Weeks Ended December 31, 2015 (Unaudited)

	13 Weeks Ended									14 Weeks Ended			53 Weeks Ended
(in thousands, except per share data)	March 26,			June 25,			Sept. 24,			Dec. 31,			Dec. 31,
	2015			2015			2015			2015			2015
Revenues:
Theatre admissions	$	42,343		$	46,047		$	39,125		$	48,736		$	176,251
Rooms		20,686			29,448			33,641			26,082			109,857
Theatre concessions		26,834			29,813			26,027			32,407			115,081
Food and beverage		15,170			17,498			18,679			19,681			71,028
Other revenues		13,674			14,972			16,422			14,409			59,477
Total revenues		118,707			137,778			133,894			141,315			531,694
Costs and expenses:
Theatre operations		36,392			39,536			35,169			42,515			153,612
Rooms		9,780			11,129			11,155			10,344			42,408
Theatre concessions		7,071			8,281			7,700			9,227			32,279
Food and beverage		13,376			14,459			14,612			15,322			57,769
Advertising and marketing		5,369			5,789			6,152			6,619			23,929
Administrative		14,241			14,572			14,011			17,786			60,610
Depreciation and amortization		9,838			9,970			10,452			10,212			40,472
Rent		2,154			2,154			2,209			2,105			8,622
Property taxes		4,046			3,434			3,885			3,511			14,876
Other operating expenses		8,623			8,336			8,848			7,808			33,615
Impairment charge		316			2,603			-			-			2,919
Total costs and expenses		111,206			120,263			114,193			125,449			471,111
Operating income		7,501			17,515			19,701			15,866			60,583
Other income (expense):
Investment income (loss)		(22	)		217			10			4			209
Interest expense		(2,319	)		(2,356	)		(2,386	)		(2,534	)		(9,595	)
Gain (loss) on disposition of property, equipment and other assets		(252	)		(495	)		183			(669	)		(1,233	)
Equity earnings (losses) from unconsolidated joint ventures, net		(98	)		(25	)		2			(39	)		(160	)
		(2,691	)		(2,659	)		(2,191	)		(3,238	)		(10,779	)
Earnings before income taxes		4,810			14,856			17,510			12,628			49,804
Income taxes		1,764			5,942			6,798			4,911			19,415
Net earnings		3,046			8,914			10,712			7,717			30,389
Net earnings (loss) attributable to noncontrolling interests		(191	)		(103	)		(159	)		60			(393	)
Net earnings attributable to The Marcus Corporation	$	3,237		$	9,017		$	10,871		$	7,657		$	30,782
Net earnings per common share attributable to    The Marcus Corporation - diluted	$	0.12		$	0.32		$	0.39		$	0.27		$	1.10
Weighted ave. shares outstanding - diluted		27,753			27,866			27,898			27,957			27,924
Selected Segment Data
Revenues:
Theatres	$	72,642		$	79,797		$	68,919		$	85,293		$	306,651
Hotels & Resorts		45,958			57,809			64,840			55,848			224,455
Corporate		107			172			135			174			588
Total revenues	$	118,707		$	137,778		$	133,894		$	141,315		$	531,694
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Operating Income (loss):
Theatres	$	15,129		$	17,397		$	12,310		$	18,073		$	62,909
Hotels & Resorts		(3,605	)		2,369			11,206			2,827			12,797
Corporate		(4,023	)		(2,251	)		(3,815	)		(5,034	)		(15,123	)
Total operating income	$	7,501		$	17,515		$	19,701		$	15,866		$	60,583